Quitting my job

bb23

i presently work full time earning 19k per year. i spend £800 a month on childcare and £1,200 on my bills and debts

ive decided to quit my job because i never see my kids. ive done a lot of research and it seems i can only get about £600 a month tops with all benefits available

obviously, this leaves me short and whilst i'm not turning my nose up and all the help, im not sure how i'm going to be able to pay for everything

im a single mum
my partner will be paying maintenance
i cant consolidate or get credit to help or anything as i'vce got defaults and an HSBC managed loan

er -i hope thats enough info.

krisskross

You might be better seeking advice on the debt free wanabee board.

Benefit income is to provide a fairly basic lifestyle and never takes any account of any debts you have. Have you factored 'benefits in kind' in like council tax and housing benefit as well as the £600?

Put your figures into https://www.entitledto.com. That will give you a good idea of what will be available.

alison999

you wont b paying childcare though either so thats £800 "saving". you can come to agreement with creditors where you pay as little as £5 p/week or month. the cab might b able to help you with that.

Mips

Are you entitled to benefits if you just suddenly quit?

I don't blame you for wanting to spend more time with your children though

What about finding part time work? You will find the benefits will be equally as generous on part-time hours.

dmg24

Dippychick wrote: »

Are you entitled to benefits if you just suddenly quit?

I don't blame you for wanting to spend more time with your children though

What about finding part time work? You will find the benefits will be equally as generous on part-time hours.

At present you are if you are a lone parent. However, this will change in October (maybe later now due to delays in getting the new measures approved).

dmg24

alison999 wrote: »

you wont b paying childcare though either so thats £800 "saving". you can come to agreement with creditors where you pay as little as £5 p/week or month. the cab might b able to help you with that.

Remember that making arrangements like this with creditors will completely mess up your credit file for up to six years. Definitely take advice before going down this route.

real1314

OP, have you applied for Tax Credits, including child care costs?

Kimitatsu

Hi, Martin’s asked me to post this in these circumstances: I’ve asked Board Guides to move threads if they’ll receive a better response elsewhere(please see this rule) so this post/thread has been moved to the Debt free wannabee, where it should get more replies. If you have any questions about this policy please email [EMAIL="abuse@moneysavingexpert.com"]!!!!!![/EMAIL].

GeorgeUK

I don't think you'll be entitled to unemployment benefit if you voluntarily leave employment. Might be worth getting advice fromm CAB before doing anything.

papito

You can also request "flexible working" to your employer if you meet certain criteria:

check this page:

http://www.direct.gov.uk/en/Employment/Employees/WorkingHoursAndTimeOff/DG_10029491

fortune_pete

bb23 wrote: »

ive decided to quit my job because i never see my kids

Regardless of your financial situation, as a lifestyle choice alone it makes sense. Time spent with your children will be more rewarding, more pleasurable and in later years you won't feel you missed them growing up.
Some things in life can't be measured in money, good luck to you.